Watchdog green light for Europe share-trade deal

The competition watchdog today gave the nod to the creation of what will become one of Europe's largest share-trading venues.

America's Bats Global Markets has been told by the Competition Commission it has early-stage backing for its $300 million (£190 million) takeover of rival Chi-X Europe.

The Commission, which has been studying the merger since June, today provisionally cleared the deal, noting that clients would be able to ensure the merged entity does not try to hike fees by taking their business elsewhere.